Pratibha Industries spurts after winning orders

Pratibha Industries surged 11.62% to Rs 30.25 at 10:06 IST on BSE after the company said it bagged new order aggregating to Rs 589.69 crore.

The company made the announcement during trading hours today, 2 January 2014.

Meanwhile, the BSE Sensex was up 156.87 points, or 0.74%, to 21,297.35.

On BSE, so far 3.42 lakh shares were traded in the counter, compared with an average volume of 55,126 shares in the past one quarter.

The stock hit a high of Rs 31.10 and a low of Rs 27 so far during the day. The stock hit a 52-week high of Rs 58.65 on 10 January 2013. The stock hit a 52-week low of Rs 16.80 on 22 August 2013.

The stock had outperformed the market over the past one month till 1 January 2014, rising 16.81% compared with the Sensex's 1.68% rise. The scrip had also outperformed the market in past one quarter, gaining 34.49% as against Sensex's 8.32% rise.

The small-cap company has an equity capital of Rs 20.21 crore. Face value per share is Rs 2.

Pratibha Industries said its water management division bagged an order worth Rs 224.80 crore from Gujarat Water Supply & Sewerage Board (GWSSB) for construction of underground drainage system for Jetpur, Bhayavadar, Wankaner, Dhoraji and Maliya Miyana towns of Rajkot district. The contract is scheduled to be completed in 18 months.

The company's building division bagged an order worth Rs 117.92 crore from National Buildings Construction Corporation, New Delhi for construction of 200-bed hospital at Ambedkar Nagar, New Delhi with total built up area of 2.95 square feet (sqft). Contract is scheduled to be completed in 18 months.

The building division also won an order worth Rs. 171.43 crore from Bhartiya City Developers for the construction of housing project at Thannisandra Outer Ring Road, Bengaluru. Contract is scheduled to be completed in 28 months.

Further, the division bagged an order worth Rs 75.54 crore from R J Group, Bangalore for construction of "R J Lake Gardenia project with total built up area of 7 lakh sqft. The contract is scheduled to be completed in 21 months.

Pratibha Industries' consolidated net profit fell 96% to Rs 0.85 crore on 25.7% decline in net sales to Rs 555.65 crore in Q2 September 2013 over Q2 September 2012.

Pratibha Industries is engaged in the business of integrated infrastructure solutions.

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